Relationship between stock market and business cycle
Learn more about the interactions between commodity, bond, stock and currency markets. "Market Cycles: The Key to Convexity is a measure of the relationship between bond prices and bond illustrate the relationship found between stock market liquidity and the business cycle as liquidity clearly worsens (illiquidity increases) well ahead of the onset of the NBER recessions. Randi Nˆs is at the Ministry of Trade and Industry. Email: ran@nhd.dep.no. Johannes A Skjeltorp is at Norges Bank (the Central Bank of Norway).